On 2/18/14, PartnerRe Ltd.'s 6.50% Series D Cumulative Redeemable Preferred Shares will trade ex-dividend, for its quarterly dividend of $0.4062, payable on 3/3/14. As a percentage of PRE.

On 2/18/14, PartnerRe Ltd.'s 6.50% Series D Cumulative Redeemable Preferred Shares ( PRE.PRD) will trade ex-dividend, for its quarterly dividend of $0.4062, payable on 3/3/14. As a percentage of PRE.PRD's recent share price of $24.69, this dividend works out to approximately 1.65%, so look for shares of PRE.PRD to trade 1.65% lower — all else being equal — when PRE.PRD shares open for trading on 2/18/14. On an annualized basis, the current yield is approximately 6.61%, which compares to an average yield of 5.75% in the "Financial" preferred stock category, according to Preferred Stock Channel.